ABSOR AS: årsregnskap 2019 vs 2018
Grew 1715% on revenue, returned to profit, cash halved-plus
approved 2020-03-31; registry 2020-04-04; journal 2020 276518
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABSOR AS. Revenue 43.0k NOK → 779.9k NOK (+1715.1%). Net result -57.4k NOK → +11.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABSOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 43.0k NOK to 779.9k NOK (+1715.1% YoY). Calculated
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↑
Operating result improved
Operating result -9 555 NOK → +63.4k NOK (op. margin -22.2% → 8.1%). Calculated
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Turned profitable
Net result flipped from a loss of 57.4k NOK to a profit of 11.2k NOK. Calculated
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Payroll decreased
Salary cost 163.1k NOK → 108.3k NOK (380% → 14% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 6 868 NOK → 263 NOK (-96.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 544.2k NOK → 326.9k NOK (-39.9% YoY). Calculated